I am making a huge presumption here but have you ever walked into a predominately Black neighborhood that is economically depressed. If you have the opportunity, please drive through one and count the number of Bank of Americas, Washington Mutuals, Wells Fargo, or any other banking institution; then, I want you to compare that number with the amount of Payday Loan, Moneytree, Fast Cash, or any other payday loan institution you see.
I guarantee you that you will find more payday loans than you will banks. Ideally, people have investments, savings and checking accounts, and insurance but it doesn't work that way.